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Secure EDI Integrates VeriFone IPCharge in Real Time Patient Payment and Claims Processing Solutions Suite

SAN JOSE, Calif., Feb. 17 /PRNewswire-FirstCall/ -- VeriFone Holdings, Inc. (NYSE: PAY) today announced that its IPCharge Web-based payment gateway has been integrated with Secure EDI's state-of-the-art platform to consolidate patient payments with the healthcare claims process.

Secure EDI is a recognized market leader as a value-added HIPAA transactions intermediary for medical, dental and institutional providers. The company also creates seamless electronic interfaces and support services for both payers and providers. IPCharge provides consolidated payment processing, settlement and reporting capabilities that enable Secure EDI to efficiently integrate patient payments with the claims reconciliation process at the healthcare practice level.

"Secure EDI wanted to provide a PCI-compliant, real-time card payment solution for our clients, and we chose IPCharge because it is easy to integrate and it is developed by the leader in the electronic payments market," said Secure EDI Vice President Joseph Gonzalez. "The advent of consumer driven health plans, co-payments, higher deductibles and the shift of financial responsibility to patients requires providers to have payment acceptance solutions that integrate with their practice management and reconciliation systems for efficient revenue management."

IPCharge is a hosted service that accepts all major payment types and supports multiple payment processors in a real-time environment over the Internet. Integration of IPCharge into Secure EDI's platform will make it easy for providers to track payments, automate processing of those payments and reconcile patient accounts.

"IPCharge was built from the ground up to support easy setup, billing, and reporting," said Robbie Lopez, VeriFone senior vice president and general manager, Software Solutions. "Healthcare providers will be able to more easily accommodate consumer demand for card payment options through Secure EDI's integration of VeriFone's electronic payment solution."

VeriFone payment processing software solutions enable businesses of all types and sizes to quickly and securely process electronic payments. VeriFone offers compelling PC-based, payment gateway and OS independent solutions -- from standalone applications to customized, enterprise level payment servers -- that meet nearly any need.

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About Secure EDI

Secure EDI is a Business Process Outsourcing (BPO) firm that is pioneering electronic solutions for enhancing the efficiency and the quality of health and dental care. Based on proven platforms, Secure EDI assures seamless interfaces among healthcare and dental providers and payers. Secure EDI capabilities range from support for real time adjudication of claims and electronic funds transfer to a full range of informatics. On the Web at

About VeriFone Holdings, Inc. (

VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.:

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: the successful integration of IPCharge into the Secure EDI platform to satisfy the needs of medical, dental and institutional providers, our customers' acceptance and adoption of our newly released products and applications, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

SOURCE VeriFone Holdings, Inc.
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